Guernsey Judgment 2/2009 - Garnet Investments Ltd v BNP Paribus (Suisse) SA & the Government of the Republic of Indonesia

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Law Reform (Miscellaneous Provisions) (Guernsey) Law, 1987 (ss.1 and 4) - Freezing and disclosure order - appeal from grant and continuation of the freezing order - cross-appeal from stay of the disclosure order - authorities considered on 'just and convenient' - relevant principles for grant of freezing relief by secondary court - 'exceptional circumstances' had to be established under s.1(7) - risk of dissipation - litigation pursued in Indonesia - applicants for freezing orders must make full and frank disclosure of the problems they face - appeal allowed and injunction and disclosure orders discharged - application for leave to appeal to the Judicial Committee of the Privy Council, and for stay pending such appeal, dismissed (See Judgments 13/2007, reported at 2007-2008 GLR 73, and 33/2008)